China’s benchmark Shanghai Composite Index (000001.SH) lost 0.53% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.5%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.43% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.05%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Fines Second-Largest Coal Producer for Safety Shortcuts
State-owned Jinneng Holding also ordered to suspend output after exceeding capacity limits in rush to rebuild stockpiles amid severe power shortages
· Two Tax-Evading Livestreamers’ Taobao Stores Forced to Close
Sales outlets of ‘Xueli Cherie’ and ‘Lin Shanshan Sunny’ frozen before Dec. 12 shopping festival under ‘regulatory pressure’ related to tax cases
· Shanghai and Shenzhen Exchanges Lay Groundwork for Registration-Based IPOs
Bourses recently proposed updated rules governing listed companies and new listings
· Mastercard Asia-Pacific Executive to Take Broader International Portfolio
APAC Co-President Ling Hai’s new role is part of a series of leadership changes in the American multinational financial services firm’s international operations
· South China Metropolis Officials Punished for Mass Felling of Banyan Trees
Guangzhou’s vice mayor was removed from his post and the city’s deputy party chief was disciplined for negligence
· Cover Story: Didi’s Rocky Road for Moving Its Stock to Hong Kong
Ride-hailing giant may have to take unprecedented steps to shift trading from New York with no easy options available
· Guangdong Cities Urge Residents to Use Less Water Amid Record Drought
Shenzhen says it will experience a major shortfall this winter, as rainfall in Dong river basin is lowest in nearly 60 years
· Remembering Era-Defining Newspaperman Zuo Fang, Founder of Southern Weekly
Zuo felt a deep need to advance scientific and democratic enlightenment, writes his successor Jiang Yiping
· Credit Ratings of Over a Dozen Chinese Property Firms Withdrawn Amid Crisis
Loss of ratings will weaken real estate developers’ ability to get financing through global bond markets, industry insiders and analysts say
· Weekly Must-Read: China Dusts Off Proven Playbook After Evergrande Default Warning
Hint of default after long-running debt struggle prompts provincial government to send in a working team and top regulators to pledge coordinated response
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This article was generated by Caixin Automation.
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